Question: 1. What is wealth, and how is it created? 2. What is value added, and how is it achieved? 3. What is a supply chain?

1. What is wealth, and how is it created?

2. What is value added, and how is it achieved?

3. What is a supply chain? Describe five important factors in supply chains.

4. Name and describe the three main divisions of supply, production, and distribution systems.

5. What is the purpose of materials management?

6. What are metrics? What are their uses?

7. Describe at least three supply chains that provide products to your school book store. Do they use cooperative supply chain methods to help reduce their costs?

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